Atlantic Power Shareholder Alert: Briscoe Law & Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers & D...
March 08 2013 - 4:03PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor, LLP announce an
investigation into potential violations of federal securities laws
by certain officers and directors of Atlantic Power Corporation,
Inc. (“Atlantic Power” or “Company”) (NYSE: AT) during the period
of July 23, 2010 to March 1, 2013 (the “Class Period”).
If you are an affected investor and you want to learn more about
the lawsuit or join the action, contact Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com, or Zachary Groover at Powers
Taylor, LLP, toll free (877) 728-9607. There is no cost or fee to
you.
The investigation centers around allegedly misleading statements
regarding the Company’s dividend and the ability to pay that
dividend. After the February 28, 2013 announcement of the 65%
dividend payment cut the price of Atlantic Power’s stock
plummeted.
“Recent revelations about alleged improper business practices
and procedures regarding key aspects of Atlantic Power’ business
and other misleading financial statements have prompted the firms
to investigate possible breaches of fiduciary duties and other
violations of state law by Atlantic Power’s officers and directors.
Based on our investigation, we are prepared to pursue litigation to
preserve the company and the value of Atlantic Power stock for all
shareholders,” said shareholder rights attorney Patrick Powers.
The Briscoe Law Firm, PLLC is a full service business
litigation, commercial transaction, and public advocacy firm with
more than 20 years of experience in complex litigation and
transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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